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There are many uses of the term "Equity Sharing" in the UK, often applied to different forms of Low Cost Home Ownership schemes. These include equity loans, sometimes referred to as Equity Sharing Loans, and some forms of Shared Ownership (part buy/part let) leasehold schemes being referred to as an Equity Sharing Lease.
The scheme was established by the Department of Housing, Local Government and Heritage in conjunction with participating financial institutions. [6] The fund provides a percentage of the purchase price of the property in the form of an equity share, up to a specified amount.
In South Australia v Commonwealth (1942) 65 CLR 373 (the First Uniform Tax case) the scheme was upheld. There was an opinion that the scheme, introduced in 1942, was upheld on the basis of the defence power in section 51(vi). The Commonwealth re-enacted the scheme after the war.
Shared equity agreements aren’t right for everyone. But they can make sense in certain cases, especially for those who are house-poor (possessing a valuable property, but lacking liquid assets ...
South Australia v Commonwealth ("the First Uniform Tax case") [1] is a decision of the High Court of Australia that established the Commonwealth government's ability to impose a scheme of uniform income tax across the country and displace the State.
The commission was established in July 1933 by the Lyons government during the Great Depression to provide impartial advice on the distribution of federal government grants to the states. [2] The commission operates under the Commonwealth Grants Commission Act 1973 , and is responsible for measuring the relative fiscal capacity of each state ...
There was an opinion that the 1942 scheme was upheld on the basis of the defence power in section 51(vi). [1] The Commonwealth re-enacted the scheme after the war, and there was a second constitutional challenge. The scheme was again upheld in 1957 on the basis of section 96, in Victoria v Commonwealth (the Second Uniform Tax case). [8]
The Commonwealth of Nations is a voluntary association of 56 sovereign states, referred to as Commonwealth countries. [1] Most of them were British colonies or dependencies of those colonies. No government in the Commonwealth exercises power over the others, as is the case in a political union.